Legacy Reserves LP (NASDAQ: LGCY) has filed to offer up to $500 million in limited partnership interests and debt securities.
The independent oil and natural gas limited partnership acquires and develops properties in the Permian Basin and Mid-continent regions of the U.S.
Their current market cap sits at $614 million, making this offering relatively large, nearly doubling the current market cap (depending on the break-down of units). So far its shares (units) are up almost 1% on thin trading volume to $20.88 in early morning trading. The 52-week trading range is $17.95 to $30.42.
Rachel Lopez
April 7, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
